Why the Business Research Process is Necessary

Understanding the environment in which a company competes is a fundamental aspect of good crease management practices, and managers atomic number 18 on the constant lookout for line search methods that result help them in their decision-making abutes. Business decisions atomic number 18 based on good intelligence and this intelligence is gathitherd by doing good, weighty question. In this paper I will attack to provide an overview of current business look into practices, why the business research process is necessary to assist managers in the decision-making process and how much(prenominal) research is typically conducted. A discussion and assessment of the comparative the strengths and weaknesses of the various parts of the business research process is followed by an analysis of why this research is important to companies seeking to stretch forth and expand their market share in an increasingly globalized marketplace. In general, all business research methods s hare some commonalities, which let in obtaining and analyzing data in order to answer questions, solving problems or testing hypotheses, which on that pointfore contribute to the understanding and knowledge of the larger environment in which companies compete (Thomas, 2004).

According to Thomas (2004), Although there are many unlike ways to do research, and although diametrical fields have their preferred research styles, all research does share certain features: 1.Research is empirical; it involves studying the human beings immaterial ourselves. 2.Research adopts systematic and explicit methods; it is essentially a public endeavor in which i! t is possible, in principle, for others to repeat investigations and finish on their truth (p. 3). Current business research practices modify according to the pains and need, and the concept involves more than just patently asking a question and trying to answer it. As stated by Thomas (2004), Sometimes research methodology is portrayed as if it were simply a set of tools and techniques apply to solve...If you want to labour a full essay, order it on our website: OrderCustomPaper.com

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